No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Renewable energy firm Drax said on Thursday that chief financial officer Frank Lemmink was taking a six-month leave of absence in order to support his recovery from recent health issues, effective immediately.
As a result, Drax has appointed deputy CFO Daniel Peacock to the role of interim CFO for the duration of Lemmink's leave. Peacock will report to chief executive officer Will Gardiner.
The FTSE 250-listed group noted that Peacock was a Chartered Accountant and, prior to becoming deputy CFO, was director of business finance and FP&A since joining Drax in 2019.
Chief executive Will Gardiner said, "On behalf of the board and the entire Drax team, we wish Frank a speedy and full recovery. I have worked with Daniel for many years. He is an experienced leader and is well placed to support us in the interim as we continue to deliver our plans for the business."
As of 1000 GMT, Drax shares were up 0.58% at 872p.
Reporting by Iain Gilbert at Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.